CF Industries Holdings Inc (CF)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,935,000 | 1,814,000 | 2,220,000 | 3,081,000 | 3,636,000 | 3,573,000 | 2,749,000 | 1,558,000 | 443,000 | 354,000 | 544,000 | 436,000 | 348,000 | 370,000 | 495,000 | 657,000 | 658,000 | 839,000 | 797,000 | 604,000 |
| Revenue (ttm) | US$ in thousands | 6,631,000 | 7,668,000 | 8,716,000 | 10,330,000 | 11,186,000 | 11,118,000 | 10,159,000 | 8,358,000 | 6,538,000 | 5,100,000 | 4,585,000 | 4,201,000 | 4,124,000 | 4,071,000 | 4,262,000 | 4,560,000 | 4,590,000 | 4,673,000 | 4,675,000 | 4,473,000 |
| Pretax margin | 29.18% | 23.66% | 25.47% | 29.83% | 32.50% | 32.14% | 27.06% | 18.64% | 6.78% | 6.94% | 11.86% | 10.38% | 8.44% | 9.09% | 11.61% | 14.41% | 14.34% | 17.95% | 17.05% | 13.50% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,935,000K ÷ $6,631,000K
= 29.18%
CF Industries Holdings Inc's pretax margin has displayed fluctuations over the past eight quarters. The trend indicates a gradual decline, with Q1 2023 showing the lowest pretax margin of 33.52% and Q4 2022 presenting the highest at 45.55%. Despite the variability, pretax margins have remained relatively healthy, staying above 30% in all quarters. It is worth noting that Q4 2023 saw a significant decrease compared to the previous quarters, suggesting a potential shift in the company's profitability dynamics. Further analysis is required to determine the underlying reasons for these fluctuations and assess the sustainability of CF Industries Holdings Inc's profitability in the upcoming periods.
Peer comparison
Dec 31, 2023